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Western Michigan University

1983

Economics

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Full-Text Articles in Political Science

Reaganomics And The Welfare State, Mimi Abramovitz, Tom Hopkins Nov 1983

Reaganomics And The Welfare State, Mimi Abramovitz, Tom Hopkins

The Journal of Sociology & Social Welfare

Supply-side tax and spending policies have intensified poverty, unemployment and inequality, especially for women, minorities and organized labor. At the same time Reaganomics is shrinking and weakening the welfare state. To better understand and resist this conservative assault it is necessary to demystify the "economics" and "politics" of supply-side doctrine. This paper (a) defines the basic assumptions of supply-side economics; (b) identifies some of its problems and contradictions; (c) discusses its impact on the welfare state; and (d) analyzes it as part of a broader plan for coping with the current economic crisis. It argues that the supply-side tax cut ...